245 Wilmot RdTucson, AZ 85711

Property Details for 245 Wilmot Rd

Year built

2015

Construction

FRAME

Lot size

1.07 AC

Property size (Sq ft)

10,582 SF

Property type

Strip malls

Property subtype

Neighborhood centers

APN

134-23-413B

APU

13423413B

Description

This newly built, 2,797 square foot retail space is situated within the thriving Park Place Mall regional trade area in Tucson. The property enjoys exceptional visibility and benefits from its proximity to a diverse range of established national retailers, including Total Wine, Dillards, Forever 21, Applebee's, Red Lobster, Best Buy, Cost Plus World Market, Savers, La Fitness, Texas Roadhouse, Bevmo, Tuesday Morning, and Famous Footwear. Adding to the area's appeal, Tucson's first Corner Bakery Cafe is conveniently located directly north of the subject property. Recent additions to the immediate vicinity include Kneaders Bakery & Cafe, Dick's Sporting Goods, Nordstrom Rack, and Raising Cane's, further enhancing the area's vibrancy and foot traffic. The property offers excellent monument signage opportunities. It's important to note that restaurant uses are restricted for this space. This single-tenant retail space presents a unique opportunity for businesses seeking a high-traffic location within a well-established retail center. The building is entirely vacant, offering immediate occupancy. The property's prime location and surrounding amenities make it an ideal choice for a variety of retail ventures.

• CAP approach

  CAP return

  Valuation

  6%

  $2,693,037

  6.5%

  $2,485,880

  7%

  $2,308,318

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,437,329

  Geo Method

  $4,437,329

• Alternative Use

  Use

  Valuation

  Residential

  $2,096,933

  Hospitality

  $1,920,780

  Educational

  $1,598,066

  Medical

  $1,653,026

  Retail

  $2,485,880

Location Insight

City

Tucson

County

Pima

State

Arizona

Latitude

32.219

Longitude

-110.857

CBSA code

46060

CBSA name

TUCSON, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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